Stocks appeared set to extend gains as futures got another boost from upbeat earnings announcements. Chemical maker DuPont Co. became the latest company to easily beat profit and revenue forecasts. DuPont also raised its outlook for the year. Some major European banks, including UBS AG and Deutsche Bank AG, also reported strong earnings.
The S&P / Case-Shiller home price index for May is due out this morning and is expected to have risen 4% after rising 3.8% in April. A little later in the morning, the Conference Board releases the Consumer Confidence index for July. The index is expected to have fallen from the previous month.
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